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BoE Governor Bailey’s speech at the Jackson Hole Symposium reiterated BoE’s cautionary dovish monetary policy stance. Short-term interest rate markets are likely to price in a shallower and slower interest rate cut cycle in the UK. The potential further widening of the 2-year yield premium of UK gilts over US Treasury notes may support a […]

The post GBP/USD Technical: Sterling Bulls in Control appeared first on Action Forex.

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British Pound (GBP) Price Action Ideas: Sterling Set for Correction? GBP/USD, EUR/GBP and GBP/JPY

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27/05/2024

Brent Crude oil Wave Analysis

Brent Crude oil reversed from strong support level 81.00 Likely to rise to resistance level 84.3 Brent Crude oil recently reversed up from the support area located between the strong support level 81.00, which has been reversing the price from February, and the lower daily Bollinger Band. The support level 81.00 was strengthened by the […]
21/08/2024

EURUSD Wave Analysis

EURUSD broke resistance area Likely to rise to resistance level 1.1135 EURUSD currency pair just broke the resistance area located between the resistance level 1.105 (which reversed the price last week) and the resistance trendline of the daily up channel from the middle of April. The breakout of this resistance area accelerated the active impulse […]
22/07/2024

EUR/USD Remains Supported For More Upsides Above 1.0880

Key Highlights EUR/USD started a steady increase and surpassed the 1.0910 resistance. A key bullish trend line is forming with support at 1.0870 on the 4-hour chart. GBP/USD is correcting gains from the 1.3050 resistance zone. Oil prices extended losses and declined below the $80.50 level. EUR/USD Technical Analysis The Euro remained in a positive […]